Welcome to our dedicated page for Luxurban Hotels news (Ticker: LUXHP), a resource for investors and traders seeking the latest updates and insights on Luxurban Hotels stock.
LuxUrban Hotels Inc. operates with an asset-light model, acquiring and managing short-term rental properties in urban areas. The company focuses on identifying, acquiring, managing, and marketing hotel rooms to both business and leisure travelers under the LuxUrban brand. With a portfolio in major cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, LuxUrban Hotels Inc. continues to expand its presence in the hospitality industry.
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LuxUrban Hotels Inc. reported a significant increase in net rental revenue by 159% to $113.4 million for FY 2023. The company's EBITDA rose by 78% to $25.3 million, with adjusted EBITDA increasing by 109% to $29.8 million. Despite a net loss of $78.5 million, which included non-cash charges and non-recurring costs, LuxUrban Hotels Inc. remains optimistic about its future growth and strategic expansion plans.
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LuxUrban Hotels Inc. reported strong financial results for Q4 2023 and full year 2023, with significant increases in net rental revenue, EBITDA, and adjusted EBITDA. The company highlighted its transformative year, strategic growth objectives, and collaboration with Wyndham Hotels & Resorts. LuxUrban also discussed surrendering underperforming properties and enhancing its working capital profile for 2024. The company entered into a surety bond agreement to secure future leases and provided an update on its 2024 guidance and enhanced audit procedures.
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LuxUrban Hotels Inc. (LUXH) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock, with a dividend per share of $0.270833. The record date is February 15, 2024, and the payment date is February 29, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. LuxUrban is focused on building a portfolio of hotel properties in destination cities by capitalizing on the dislocation in commercial real estate markets and the large amount of debt maturity obligations on those assets coming due with a lack of available options for owners of those assets. The company also benefits from its partnership with Wyndham Hotels & Resorts, gaining competitive advantages including joint branding, capital allocation, and ongoing customer support and training.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) will participate in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024, and the Sequire Investor Summit 2024 on January 23-25, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in major metropolitan cities.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announces monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. Dividend per share $0.270833. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. As of November 30, 2023, the Company had 2,032 hotel rooms under lease in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) has declared a monthly cash dividend for its 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.270833, with a record date of December 15, 2023, and a payment date of January 2, 2024. The company utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities. LuxUrban currently manages a portfolio of 2,032 hotel rooms in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles, and seeks to expand its portfolio through the acquisition of additional accommodations affected by the pandemic and current economic conditions.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) declares the initial monthly cash dividend for the Company’s 13.00% Series A Cumulative Redeemable Preferred Stock. The dividend per share is $0.315972, with a record date of November 27, 2023, and a payment date of November 30, 2023. LuxUrban Hotels Inc. utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in key major metropolitan cities.
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LuxUrban Hotels Inc. (Nasdaq: LUXH, LUXHP) announced Q3 2023 financial results, reporting a net rental revenue increase to $31.2 million from $11.6 million, a net income improvement to $4.9 million, and EBITDA rise to $8.4 million. The company also raised its net rental revenue and EBITDA guidance for 2023 and 2024.
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FAQ
What is the current stock price of Luxurban Hotels (LUXHP)?
The current stock price of Luxurban Hotels (LUXHP) is $8.5 as of February 28, 2025.
What is LuxUrban Hotels Inc.'s business model?
LuxUrban Hotels Inc. utilizes an asset-light business model, focusing on acquiring and managing short-term rental properties in urban areas.
Where does LuxUrban Hotels Inc. operate?
LuxUrban Hotels Inc. manages a portfolio of hotel rooms in major cities such as New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
Who are LuxUrban Hotels Inc.'s target customers?
LuxUrban Hotels Inc. targets both business and vacation travelers, offering hotel rooms under the LuxUrban brand.
What sets LuxUrban Hotels Inc. apart from competitors?
LuxUrban Hotels Inc. stands out for its focus on the urban market, utilizing an asset-light model to acquire and manage short-term rental properties.
How does LuxUrban Hotels Inc. market its hotel rooms?
LuxUrban Hotels Inc. markets its hotel rooms to travelers under the LuxUrban brand, appealing to both business and leisure guests.
What cities does LuxUrban Hotels Inc. have a presence in?
LuxUrban Hotels Inc. currently operates in cities like New York, Washington D.C., Miami Beach, New Orleans, and Los Angeles.
What is LuxUrban Hotels Inc.'s growth strategy?
LuxUrban Hotels Inc. aims to continue expanding its portfolio of hotel rooms in metropolitan areas, focusing on business and vacation travelers.
How does LuxUrban Hotels Inc. manage its hotel properties?
LuxUrban Hotels Inc. manages its hotel properties efficiently, utilizing an asset-light model to acquire and operate short-term rental properties.
What consumer brand does LuxUrban Hotels Inc. operate under?
LuxUrban Hotels Inc. operates under the consumer brand LuxUrban, offering hotel rooms to both business and leisure travelers.
What is LuxUrban Hotels Inc.'s market positioning?
LuxUrban Hotels Inc. positions itself as a provider of short-term rental properties in major urban areas, catering to the needs of business and vacation travelers.
Luxurban Hotels Inc.